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$1,550,000

  • For Sale
  • Active
  • Commercial Land
  • 0.17 Acres
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Prime income-producing development site minutes from the Design District, Wynwood, Midtown, Downtown, and Brickell. 7,250 sqft T5-L zoned lot allowing up to 25 residential units plus retail or mixed-use development with no parking required under current Miami 21 zoning. Developers can build up to 5 stories with minimal setbacks, maximizing the site's full potential. Existing duplex (4 bed / 2 bath / 2,322 sqft) can generate income while plans and permits are prepared - ideal for investors seeking both immediate cash flow and long-term appreciation. The neighborhood is rapidly transforming, with brand-new luxury apartment projects on nearly every corner, making this a rare opportunity in one of Miami's most desirable growth corridors.

Full Property Details for 3421 NW 5th Ave

General

  • Price: $1,550,000
  • Taxes: $8,123 (2025)
  • Status: Active
  • Type: Commercial Land
  • Source: Greater_Miami
  • MLS ID: A11906831
  • Updated: 12/8/2025
  • Added to Site: 72 day(s) ago

Location

  • Area: Northern Blvd Track
  • County: Miami-Dade County
  • Subdivision: NORTHERN BLVD TRACK
  • Building Name: NORTHERN BLVD TRACK

Community

  • Community Name: Northern Blvd Track

Utilities

  • Sewer: Public Sanitation
  • Water: Municipal Water
  • Utility Description: Electricity Connected, Sewer Connected, Water Connected, Cable Available, Electricity Available, Sewer Available, Trash Removal, Water Available

Structural Information

  • Detached/Attached: Detached
  • Current Bldg. Use: Unimproved Business/Commercial, Unimproved Hotel/Motel, Unimproved Multi Family (5+Units)

Lot Features

  • Lot Size (Acres): 0.17
  • Lot Size (Sq. Ft.): 7,250
  • Lot Dimensions: 50 x 145
  • Frontage Feet: 50
  • Street/Road Desc.: Paved
  • Lot Features: City Location, Less Than 1 Acre
  • Potential Use: None
  • Trees/Vegetation: Mango, Other Trees
  • Zoning: 6107
  • Fencing (Description): Fenced

Financial Considerations

  • Tax Amount: $8,123
  • Tax Year: 2025
  • Terms: All Cash, Conventional

Disclosures and Reports

  • Legal Description: NORTHERN BLVD TR PB 2-29 LOT 12 BLK 2 LOT SIZE 50.000 X 145 OR 15591-2221 0792 4
  • Property ID: 01-31-25-024-0290

Listed by Florida Realty of Miami Corp

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Listing agent

— 3421 NW 5th Ave —

  • Florida Realty of Miami Corp

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 3421 NW 5th Ave

School District:Dade County School District
NameGradesDistance
Eneida M. Hartner Elementary School
401 Northwest 29th Street, Miami, FL 33127
PK-50.3 mi
Jose De Diego Middle School
3100 Northwest 5th Avenue, Miami, FL 33127
6-80.2 mi
Booker T. Washington Senior High School
1200 Northwest 6th Avenue, Miami, FL 33136
9-121.6 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 3421 NW 5th Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/08/2025
Price Reduced
$1,550,000
-3.12%
MLS
11/06/2025
Listed
$1,600,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 3421 NW 5th Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$8,123
1%
$414,293
3%
2023
$8,065
15%
$402,227
20%
2021
$7,006
-12%
$335,744
-14%
2022
$7,944
13%
$390,512
18%
2021
$7,006
3%
$331,109
2%
2019
$6,780
13%
$323,665
29%
2018
$6,021
173%
$251,165
80%
2017
$2,202
2%
$139,730
57%
2016
$2,152
2%
$89,115
7%
2015
$2,104
27%
$83,370
7%
2014
$1,659
11%
$78,103
7%
2013
$1,499
—
$73,108
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Florida Realty of Miami Corp

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3421 NW 5th Ave, Miami, FL 33127 (MLS# A11906831) is a Commercial Land property with a lot size of 0.17 acres. 3421 NW 5th Ave is currently listed for $1,550,000 and was received on November 06, 2025. Want to learn more about 3421 NW 5th Ave? Do you have questions about finding other Commercial Land real estate for sale in Miami? You can browse all Miami real estate or contact a Coldwell Banker agent to request more information.

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